CADCHF Analysis
CADCHF is moving in the Descending channel and the market has reached the lower high area of the channel.
Canada announced Monday that it will provide CAN$62.5 million (US$46.3 million) in support over the next six years for an Indigenous tribe rocked by a horrific stabbing spree that claimed 11 victims in September. Community leaders said drugs and alcohol abuse contributed to the fatal stabbings.
GOLD Analysis
XAUUSD Gold price has broken the Box pattern, Descending channel and rebounded from the horizontal support area of the pattern.
Ukraine’s energy infrastructure remains destroyed in places and severely damaged and compromised in many parts of the country. It’s been reported that the U.S. Secretary of State could announce on Tuesday new assistance to help restore Ukraine’s power transmission ability.
USDCHF Analysis
USDCHF is moving in an Ascending channel and the market has reached the higher high area of the channel.
Political and humanitarian actors have called on Switzerland to sign the United Nations Treaty on the Prohibition of Nuclear Weapons (TPNW). Switzerland helped draft the treaty but has so far refused to sign up to it due to which it is being pressured by stakeholders to do so.
EURCAD Analysis
EURCAD is moving in an Ascending channel and the market has reached the higher low area of the channel.
The latest nation to diversify away from China is Canada, which this week announced an Indo-Pacific Strategy that will expand its collaboration with other countries in the region in the wake of four years of frigid relations with Beijing. Several other countries are expected to do the same.
GBPCAD Analysis
GBPCAD is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
The Canadian federal government announced its plan to take in 500,000 immigrants a year by 2025, with almost 1.5 million new immigrants coming to the country over the next three years. Last year, the country gave 405,000 immigrants permanent residency, which has been the most in its history.
GBPJPY Analysis
GBPJPY is moving in the Descending channel and the market has fallen from the lower high area of the channel.
Japan is the world’s third-biggest economy, but living costs are high, and wage increases have been slow. The conservative government has lagged in making society more inclusive for children, women, and minorities. Japan’s population of more than 125 million has been declining for 14 years.
GBPAUD Analysis
GBPAUD has broken the Ascending channel in Downside.
Australia’s largest state will withdraw or refund tens of thousands of fines issued during the COVID pandemic after government lawyers conceded on Tuesday. Australian states and territories instituted strict restrictions during the pandemic, including limits on travel outside the home.
GBPNZD Analysis
GBPNZD is moving in the Descending channel and minor Box pattern, Market has fallen from the lower high area of the channel and reached the Horizontal support area of the minor Box pattern.
South Korea extradited a 42-year-old woman to New Zealand two months after she was arrested following the discovery of the bodies of two long-dead children in abandoned suitcases. They said she would be held in jail overnight and is to appear Wednesday at Manukau District Court.
GBPCHF Analysis
GBPCHF is moving in an Ascending channel and the market has rebounded from the higher low area of the channel.
Rishi Sunak on Monday warned that the so-called golden era of UK relations with China was over. He sees them as a threat. Sunak this month met Ukraine president Volodymyr Zelenskyy and outlined a new £50mn package of UK defence aid, including 125 anti-aircraft guns.
Crude oil Analysis
Crude oil is moving in the Descending channel and the market has reached the lower high area of the channel.
People in China who attended weekend protests against COVID restrictions say they have been contacted by police. Over the weekend, thousands in China took to the streets demanding an end to COVID lockdowns, with some even making rare calls for President Xi Jinping to stand down.
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